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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?

To: Rambi who wrote (1202)	11/8/1997 7:19:00 PM
From: stan s.	Read Replies (1) \| Respond to of 1391

CYMI, here's a chart. Almost seems pointless doesn't it? A contrast of the chart with verifiable news and events points to an irrational selloff. Either that's the case or the company is hiding something so egregious that some word is leaking out and we're in the midst of an ensuing panic. The problem with that scenario is that the hordes are scrutinizing this company and no information to that effect is forthcoming. Volume is not excessive....CNBC would call this an "orderly" selloff....funny hurts just as much as the more rambunctious variety.. Back to the chart...trading near support. A close under 21 1/2 and you could be staring at 17 3/4. Curiously the Chaikin A/D has been showing slow but steady accumulation the last 3 or 4 days. The MACD has remained fairly flat. The momentum indicators are oversold, so when and if it ever gets a little pop it could be a nice short term play... geocities.com